Corporate Action12 Jun 2026, 11:48 am
Gabriel India Promoter Shareholding Rises Post Scheme of Arrangement
AI Summary
Gabriel India Limited has announced a change in its promoter and promoter group shareholding following a Composite Scheme of Arrangement sanctioned by the National Company Law Tribunal. The scheme involved the amalgamation of Anchemco India Private Limited with Asia Investments Private Limited and the demerger of Asia Investments Private Limited's automotive undertaking into Gabriel India Limited. As consideration, Gabriel India issued new equity shares to the shareholders of the demerged company. This corporate action has resulted in an increase in the promoter shareholding from 55.03% to 63.55%, triggering disclosure requirements under SEBI's Takeover Regulations.
Key Highlights
- Gabriel India's promoter shareholding increased to 63.55% post-scheme.
- The increase is due to equity shares issued as consideration for a scheme of arrangement.
- The Composite Scheme of Arrangement involved amalgamation and demerger.
- The transaction triggers SEBI Takeover Regulations disclosure requirements.
Price Impact
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